Macfarlane Group (LON:MACF) Reaches New 1-Year Low – Here’s What Happened

Macfarlane Group PLC (LON:MACF)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 104 ($1.31) and last traded at GBX 105 ($1.32), with a volume of 83306 shares trading hands. The stock had previously closed at GBX 106.50 ($1.34).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, August 22nd.

Macfarlane Group Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58. The stock has a market capitalization of £167.58 million, a price-to-earnings ratio of 1,169.89 and a beta of 0.68. The stock’s 50-day simple moving average is GBX 111.46 and its 200 day simple moving average is GBX 118.85.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.